Copyrights and patents are regarded as:
A) Tangible assets
B) Intangible assets
C) Intellectual assets
D) Temporary assets
Correct Answer:
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Q9: Assets = Liabilities + Owner's Equity
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Q11: The Sales and Cash Receipts Journal is
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Q13: Cash, land, and equipment are examples of:
A)
Q15: Claims of the business against its customers
Q16: Expenses that the firm has already paid
Q17: Obligations that will become due and payable
Q18: Liabilities incurred when goods or supplies are
Q19: Obligations that will not become due or
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